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due in any ensuing Fiscal Year, the balance remaining in the Operating <br />Reserve Fund which is not necessary for or which has not been used <br />for deposit into the Reserve Account shall be deposited into the <br />Renewal and Replacement Fund. <br />(2) From the moneys remaining in the Revenue Fund, the <br />Issuer shall next deposit into a separate fund which is hereby <br />created and designated "Solid Waste Disposal System Revenue Bonds <br />Sinking Fund" (hereinafter called "Sinking Fund"), such sums as will <br />be sufficient to meet the payments of principal of and interest on the <br />obligations becoming due during the current Fiscal Year. All such <br />payments, as provided above,,shall include an amount sufficient to pay <br />the fees and charges of the paying agents. Such payments shall be <br />increased or reduced proportionately to the extent required to pay such <br />interest becoming due, after making allowance for the amounts of <br />money which will be deposited in the Sinking Fund out of proceeds <br />from the sale of the Obligations to pay interest on the Obligations. <br />(3) Moneys remaining in the Revenue Fund shall next be <br />applied by the Issuer for the establishment and maintenance of a <br />Reserve Account in the Sinking Fund in a sum at least equal to and <br />sufficient to pay the maximum amount of principal and interest on <br />all outstanding Obligations becoming due in any ensuing Fiscal Year. <br />The sum of One Hundred Thousand Dollars ($100,000) shall be initially <br />deposited into the Reserve Account from a.portion of the proceeds <br />of the sale of the Obligations. <br />Thereafter, to the extent necessary to maintain said <br />Reserve Account, there shall be deposited therein in each Fiscal <br />Year, after providing for the payments required in (1) and (2) above, <br />from the moneys remaining in the Revenue Fund, an amount equal to <br />twenty per centum (200) of the maximum amount of principal and <br />interest on all outstanding Obligations becoming due in any ensuing <br />Fiscal Year. No further payments shall be required to be made into <br />such Reserve Account as long.as there shall remain on deposit therein <br />a sum equal to the maximum amount of principal and interest on all <br />outstanding Obligations becoming due in any ensuing Fiscal Year. <br />Any withdrawals from the Reserve Account shall be sub- <br />sequently restored from the first moneys available in -the Revenue <br />Fund after all required current payments for the Operating Account, <br />NOV 21,977 <br />0 <br />-17- <br />wx 31 <br />U 491 <br />KI <br />